Quote from harmonizer
That's the data from 2010. Not true for 2011. If you look at the survey of salary (not hourly rate) for PA & NP 2011. PMHNP was ranked at #5th. Psychiatric NP salary dropped -8% from last year. I believe it. Not all psych NP get good pays, same as FNP. Yes, locums rate/ part-time rate is very high in the report because they don't have to pay benefits.
Demand can be regional and overrated.
Remember, the salary does not always correlate salary. There is high demand in some area but salary remains low.
I have several low offers, especially from the NSHC service sites. And the starting rate is just similar to other NPs. Sometimes, demand and the pay do not always correlate.
I have looked at several parts of country. I never received offer or quote for base salary without incentive more than six figure as a new grad (except for hourly rate without benefit) but heard from recruiter that it is possible in AZ, NM. But not everyone can tolerate heat and dry. Psychiatry is a field that you can work long after 65+ Those 55+ won't be retiring soon.
Right, but that same data found that psych NPs receive the highest hourly wage. Which speaks to some wonky statistics, IMO (some kind of confound). Also, it's pretty easy to look up average salaries for professions by state (including psych NP) on government websites. I dunno, but that they look promising, once again, this really depends on the state. The psych NPs who I know working in the northwest are swamped with work and not taking any more patients. Of course, these people own their own practices (which is relatively easy to do in psych, assuming you live in an ind practice state).
I know you have mentioned low offers before, but you're in the South, right?
I don't know why you think people won't be retiring. It's true that psych isn't exactly hard on your body, but people don't want to work forever. At the very least many will start working part-time, etc. Plus, like I said, the need is only going to increase due to ACA.